Thursday, December 15, 2011

McRae Industries, Inc. Reports Earnings for the First Quarter of Fiscal 2012

MOUNT GILEAD, N.C., Dec. 15, 2011 /PRNewswire/ -- McRae Industries, Inc. (Pink Sheets: MRINA and MRINB) reported consolidated net revenues for the first quarter of fiscal 2012 of $20,195,000 as compared to $19,740,000 for the first quarter of fiscal 2011. Net earnings for the first quarter of fiscal 2012 amounted to $1,379,000, or $.63 per diluted Class A common share as compared to net earnings of $1,281,000, or $.59 per diluted Class A common share, for the first quarter of fiscal 2011.  FIRS...continued
     

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